Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 2391 - 2400 of 7099 results for "June 2011"

ASIC extends relief to foreign financial services firms

KARREN VERGARA  |  MONDAY, 24 SEP 2018
ASIC will allow foreign companies that provide financial services to Australian wholesale clients to continue without the need of an AFSL until 30 September 2019. The corporate regulator announced in June it was proposing a modified licensing regime ...

AFCA membership deadline arrives

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
Financial services firms have until close of business today to register for membership of the Australian Financial Complaints Authority. ASIC has issued a warning to all Australian financial services licensees, superannuation trustees and authorised ...

Arnhem portfolio manager departs

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
As the winding down of Arnhem Investment Management rolls on, the portfolio manager of its Global Growth SMA is bowing out. Arnhem partner and portfolio manager Theo Maas has confirmed he is leaving the embattled fund manager, effective today. In a ...

AAT overrides adviser ban

KARREN VERGARA  |  FRIDAY, 21 SEP 2018
The Administrative Appeals Tribunal decided a former OnePath financial adviser who was permanently banned by ASIC did not engage in misleading or dishonest conduct. ASIC announced it permanently banned Robert Hutchison on 11 June 2017 for double charging ...

Former Macquarie advisers banned

JAMIE WILLIAMSON  |  WEDNESDAY, 19 SEP 2018
Two former Macquarie financial advisers received ASIC bans for dishonest conduct, including deliberate attempts to mislead the institution's compliance team. Mark Alexander Landau and Marcus Roderick Campbell have both been banned from providing financial ...

Choice members worse off in retirement: Research

KARREN VERGARA  |  TUESDAY, 18 SEP 2018
Latest research shows MySuper members are $50,000 better off at retirement compared to those invested in choice products. Research from the Australian Institute of Superannuation Trustees and Rice Warner shows super members invested outside of MySuper ...

ASIC commences civil action against ANZ

KARREN VERGARA  |  MONDAY, 17 SEP 2018
ASIC has commenced civil penalty proceedings against ANZ for its involvement in an alleged criminal cartel relating to a $2.5 billion institutional share placement in August 2015. ASIC alleged ANZ failed to notify the ASX that $791 million of the $2.5 ...

Chief economist update: China shares inclusion in MSCI is a blessing and a curse

BENJAMIN ONG  |  MONDAY, 17 SEP 2018
Three months and a few days ago, the inclusion of China's A-shares into MSCI indexes got investors all excited. 1 June 2018 marked the day when Morgan Stanley Capital Index (MSCI) included Chinese A-shares into its benchmark MSCI Emerging Markets ...

Suncorp charged super members incorrect fees

KANIKA SOOD  |  FRIDAY, 14 SEP 2018
The retail superannuation master trust charged incorrect fees to some of its members in the Suncorp Employee Super and Brighter Super funds and is working on remediating clients. Suncorp charged an incorrect investment fee to its members who joined ...

SMSFs outperforming MySuper: Research

KARREN VERGARA  |  FRIDAY, 14 SEP 2018
The self-managed super fund sector outperformed MySuper returns for the third consecutive month, latest SuperGuard 360 data shows. SMSF performance, as represented by the SG360 SMSF Reference Index, delivered 10.5% per annum (before fees and tax) in ...